Electrum Wallet

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Electrum is a lightweight Bitcoin client, based on a client-server protocol. It was released on november 5, 2011., Electrum made its way on the scene when bitcoin were valued at just a few dollars. It is now estimated that some 10% of all bitcoin transactions occur on Electrum. As you’ll soon see, there are many reasons why Electrum has emerged as the wallet of choice for cryptocurrency enthusiasts.

Features of Electrum;

  • Firewall friendly
  • Hardware wallet integration
  • Encrypted wallet
  • Free software
  • Cold storage

Some common issues of Electrum;

  • Unable to sell bitcoins.
  • Create an account issue.
  • Error Code 5.
  • Password error.
  • Unable to delete Electrum
  • Unable to withdraw split coins.
  • Electrum account is hacked.
  • I can’t log in to my account.
  • Unable to buy bitcoins.
  • Identity verification problem.
  • Puzzle captcha error.
  • Unable to generate Bitcoin
  • Bitcoin transaction error.
  • Unable to deposit cryptocurrency to another wallet.
  • Unable to withdraw digital currency from another wallet.
  • Withdrawal delay in Digital currencies.
  • Two Factor Authentication problems.

Pros and Cons of Electrum;

Pros

  • Fast and easy to setup
  • Various privacy features
  • Hardware wallets integration

Cons;

  • Not ideal for beginners
  • Only supports Bitcoin
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